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Albany, Indiana

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
2,907
Population
$58,026
Median Income
$105,200
Home Value
49.7
Median Age

Demographics

Albany has a population of 2,907 with a median age of 49.7. Here is the racial and ethnic breakdown of the population:

White
96.3%
Hispanic
2.8%
Demographic Value
Total Population2,907
Median Age49.7
White96.3%
Black or African American0.1%
Asian0.5%
Hispanic or Latino2.8%
Albany, Indiana — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 96.6%Hispanic/Latino: 2.8%Other: 0.6%2,907PopulationWhiteWhite96.6%Hispanic/LatinoHispanic/Latino2.8%OtherOther0.6%

Income & Economy

The median household income in Albany is $58,026, which is 28.0% below the national median of $80,610. The per capita income is $29,285. The poverty rate is 6.8%.

$58,026
Median Household Income
$29,285
Per Capita Income
6.8%
Poverty Rate

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Education

In Albany, 91.1% of residents age 25+ have a high school diploma or higher, and 12.7% hold a bachelor's degree or higher (2.9% with a graduate or professional degree).

HS Diploma+
91.1%
Bachelor's+
12.7%
Graduate+
2.9%
Education Level % of Adults (25+)
High School Diploma or Higher91.1%
Bachelor's Degree or Higher12.7%
Graduate or Professional Degree2.9%

Housing

The median home value in Albany is $105,200, below the national median of $303,400. The median monthly rent is $683. The homeownership rate is 81.6%.

$105,200
Median Home Value
$683/mo
Median Rent
81.6%
Homeownership Rate
Housing Metric Value
Median Home Value$105,200
Median Monthly Rent$683
Homeownership Rate81.6%
Vacancy Rate8.1%

Salaries in Indiana

Explore salary data for popular occupations in Indiana:

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Other Cities in Indiana

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Frequently Asked Questions

What is the population of Albany, Indiana?
The population of Albany, Indiana is 2,907 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Albany, Indiana?
The median household income in Albany, Indiana is $58,026. This is 28.0% below the national median of $80,610.
What is the median home value in Albany, Indiana?
The median home value in Albany, Indiana is $105,200. The median monthly rent is $683.
What percentage of people in Albany have a college degree?
In Albany, Indiana, 12.7% of adults age 25 and older hold a bachelor's degree or higher, and 91.1% have a high school diploma or higher.
Is Albany, Indiana an affordable place to live?
The home price-to-income ratio in Albany, Indiana is 1.8x (median home value $105,200 vs. median income $58,026), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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